RS Group plc (LON:RS1) Insider Kate Ringrose Sells 9,484 Shares

RS Group plc (LON:RS1) insider Kate Ringrose sold 9,484 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of GBX 701 ($8.87), for a total value of £66,482.84 ($84,091.63).

Kate Ringrose also recently made the following trade(s):

• On Wednesday, May 22nd, Kate Ringrose bought 2,421 shares of RS Group stock. The stock was purchased at an average cost of GBX 822 ($10.40) per share, with a total value of £19,900.62 ($25,171.54).

RS Group Trading Up 3.9 %

Shares of RS Group stock traded up GBX 26.50 ($0.34) during midday trading on Tuesday, reaching GBX 713.50 ($9.02). 1,031,261 shares of the company’s stock traded hands, compared to its average volume of 1,256,984. The company has a debt-to-equity ratio of 47.24, a quick ratio of 1.24 and a current ratio of 2.01. The company has a market cap of £3.38 billion, a PE ratio of 1,761.54, a price-to-earnings-growth ratio of 1.85 and a beta of 0.89. The stock has a 50 day moving average of GBX 745.25 and a 200-day moving average of GBX 754.89. RS Group plc has a 12 month low of GBX 551.20 ($6.97) and a 12 month high of GBX 852.60 ($10.78).

RS Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 19th. Investors of record on Thursday, June 13th will be issued a dividend of GBX 13.70 ($0.17) per share. This represents a dividend yield of 1.7%. The ex-dividend date is Thursday, June 13th. This is an increase from RS Group’s previous dividend of $8.30. RS Group’s dividend payout ratio is currently 5,641.03%.

Wall Street Analysts Forecast Growth

RS1 has been the subject of several research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 780 ($9.87) target price on shares of RS Group in a research note on Tuesday, June 18th. Shore Capital reissued a “hold” rating on shares of RS Group in a research note on Wednesday, May 22nd. Finally, Royal Bank of Canada dropped their price objective on RS Group from GBX 925 ($11.70) to GBX 900 ($11.38) and set an “outperform” rating for the company in a research note on Wednesday, May 29th.

RS Group Company Profile

RS Group plc, together with its subsidiaries, distributes various electronics and industrial products and solutions in the United Kingdom, the United States, France, Germany, Italy, Mexico, and internationally. The company provides industrial interconnect and test, industrial automation and control, board-level electronics, and single-board computing products; and tools, consumables, and facilities maintenance products, such as personal protective equipment, site safety products, and 3D printing products.